Press release
Automotive Digital Mapping Market Growth to be Driven by Emerging Trends | $18.81 Billion by 2029
Automotive Digital Mapping
What is the Projected Market Size of the Automotive Digital Mapping Industry?
The size of the automotive digital mapping market has expanded swiftly over the last couple of years. Estimated to scale up from $9.14 billion in 2024 to a robust $10.65 billion in 2025, it represents a compound annual growth rate (CAGR) of 16.5%. This escalation in the historical span can be traced back to factors such as the early establishment of digital mapping, proliferation in the automotive sector, enlargement of the commercial vehicle industry, burgeoning consumer requirement for navigation and location-dependent facilities, and adoption of revolutionary driver assistance mechanisms (ADAS).
What Will Be the Size of the Automotive Digital Mapping Market by 2029?
The size of the automotive digital mapping market is forecasted to experience a significant increase in the upcoming years. It is projected to expand to a substantial $18.81 billion by 2029, with a compound annual growth rate (CAGR) of 15.3%. The anticipated growth during this period can be credited to the development of smart city strategies, escalating demand for immediate traffic data, the advancement in the electric vehicle sector, increased emphasis on environmental sustainability, and the expansion in the delivery and logistics domain. The forecast period is expected to witness certain trends including the utilization of mapping technology in contemporary mobility, progress in AI and machine learning, application of augmented reality (AR) technology, and partnership between mapping corporations and governmental bodies.
Explore The Complete Report Now:
https://www.thebusinessresearchcompany.com/report/automotive-digital-mapping-global-market-report
What Are the Key Drivers Accelerating Growth in the Automotive Digital Mapping Market?
The boom in the total count of connected cars is anticipated to spur the expansion of the automotive digital mapping sector in the future. Connected cars are vehicles that are furnished with internet accessibility and wireless communication capacities, permitting them to share data with other vehicles, infrastructure, and outside networks. The introduction of connected car technologies is on the rise due to technological innovations, customer inclination, growth in self-driving and electric cars, and business prospects. Digital mapping in the automotive sector is an integral part of connected car technology, allowing vehicles to provide sophisticated navigation, real-time traffic data, heightened safety attributes, and an uninterrupted driving experience. For example, in January 2023, Casa Autopromotec s.r.l., an Italian firm producing machinery for vehicles, reported that the worldwide number of connected cars on the road reached 350 million in 2023, marking an 18% rise from 2022. Therefore, the escalating number of connected cars is propelling the expansion of the automotive digital mapping sector.
Get Free Sample Report Here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=15315&type=smp
How Is the Automotive Digital Mapping Market Segmented by Type, Application, and Region?
The automotive digital mapping market covered in this report is segmented -
1) By Component: Solutions, Services
2) By Mapping Type: 2D Maps, 3D Maps, Satellite Imagery
3) By Application: Autonomous Cars, Logistics Control Systems, Advanced Driver Assistance Systems, Other Applications
Subsegments:
1) By Solutions: Mapping Software, Navigation Systems, Real-Time Traffic Mapping Solutions, Geospatial Data Solutions, Map Update Solutions, Autonomous Vehicle Mapping Solutions
2) By Services: Map Data Collection And Processing Services, Data Analytics And Insights Services, Integration And Implementation Services, Map Customization And Consultation Services, Maintenance And Support Services
What Are the Key Trends Driving Growth in the Automotive Digital Mapping Market?
Leading businesses active in the automotive digital mapping industry are concentrating on creating innovative, highly automated mapping tech like UniMap, which improves the precision and functionality of navigation systems. UniMap, a mapping platform that delivers the newest data and elevates how maps are conceived, updated, and utilized, offers cutting-edge mapmaking abilities. For instance, HERE Technologies, originating from the Netherlands and known for its mapping technologies, revealed UniMap in March 2023. This highly automated map-building technology facilitates the speedy development of digital maps and locational products. It's created in a way to offer unmatched map freshness, quality, and depth. The platform is based on an advanced computing architecture that automates the process of map data synthesis and formation, merges diverse data types, results in a consolidated map and makes it possible for any alterations in the concrete world to be reflected on the map within 24 hours.
Customize Your Insights And Get The Full Report Here:
https://www.thebusinessresearchcompany.com/customise?id=15315&type=smp
Who Are the Leading Companies Driving Growth in the Automotive Digital Mapping Market?
Major companies operating in the automotive digital mapping market are Apple Inc., Google LLC, Microsoft, Huawei Technologies Co. Ltd., Denso Corporation, Continental AG, Magna International Inc., Aisin Seiki Co. Ltd., NVIDIA Corporation, Valeo, Baidu Inc., NXP Semiconductors, Analog Devices Inc., Renesas Electronics Corporation, Synopsys Inc., Trimble Inc., HERE Technologies, DigitalGlobe Inc., MiTAC International Corporation, ESRI Inc., Cyient Limited, TomTom International, Telenav Inc., Mapbox Inc., INRIX Inc., Nearmap Ltd., GeoDigital International Inc., Waze Mobile Ltd.
Which Is the Leading Region in the Global Automotive Digital Mapping Market?
North America was the largest region in the automotive digital mapping market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the automotive digital mapping market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Saumya Sahey
Europe: +44 7882 955267,
Asia: +44 7882 955267 & +91 8897263534,
Americas: +1 310-496-7795
Email: saumyas@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Automotive Digital Mapping Market Growth to be Driven by Emerging Trends | $18.81 Billion by 2029 here
News-ID: 4256340 • Views: …
More Releases from The Business Research Company
Cryogenic Transportation Services Market Size to Reach $12.89 Billion by 2029 | …
Stay informed on tariff shifts, macro trends, and global economic changes-use code ONLINE30 to enjoy 30% off our global market reports.
What is the Projected Market Size of the Cryogenic Transportation Services Industry?
In recent years, the market size for cryogenic transportation services has witnessed substantial growth. It is projected to expand from a staggering $9.35 billion in 2024 to about $9.96 billion in 2025, with a compound annual growth rate (CAGR)…
Global Car Subscription Market Worth $30.29 Billion by 2029, Growing at 30.5% CA …
Use ONLINE30 for 30% savings on global market reports and stay on top of tariff updates, market trends, and economic shifts worldwide.
Car Subscription Market Outlook: What Size And CAGR Are Anticipated By 2025?
Recent years have seen the automobile subscription sector expand significantly in terms of market size. The sector's worth, which stands at $8.09 billion in 2024, is set to rise to $10.45 billion in 2025 at a compound annual…
Urban Air Mobility Industry Set to Achieve $14.68 Billion Milestone by 2029 | St …
Get 30% off global market reports with code ONLINE30 and keep ahead of tariffs, macro trends, and worldwide economic developments.
What Is the Long-Term Growth Forecast for the Urban Air Mobility Market Size 2025?
The size of the urban air mobility market has experienced significant expansion in the past few years. It is projected to rise from $4.38 billion in 2024 to $5.56 billion in 2025, demonstrating a compound annual growth rate…
Future of Ride Hailing Market: Size, Share & Forecasts to 2029
Stay informed on tariff shifts, macro trends, and global economic changes-use code ONLINE30 to enjoy 30% off our global market reports.
What Is the Projected Market Size Valuation of the Ride Hailing Market by 2025?
The market size for ride-hailing services has seen robust growth in the past few years. The market is projected to expand from $150.35 billion in 2024 to $163.55 billion in 2025, showing a compound annual growth rate…
More Releases for Map
Map It Media, Putting Businesses On The Map
Image: https://www.getnews.info/wp-content/uploads/2024/08/1724359984.png
Map It Media: Your Go-To Full-Service Business Solution
In today's fast-paced digital landscape, businesses of all sizes are constantly seeking ways to enhance their online presence and streamline operations. Enter Map It Media, a full-service business solution that caters to the needs of both small businesses and large enterprises alike. With a mission to "put you on the map," Map It Media offers a comprehensive suite of services designed to…
Digital Map Market Still Has Room to Grow | Emerging Players Google, Digital Map …
Global Digital Map Market Report from AMA Research highlights deep analysis on market characteristics, sizing, estimates and growth by segmentation, regional breakdowns & country along with competitive landscape, player's market shares, and strategies that are key in the market. The exploration provides a 360° view and insights, highlighting major outcomes of the industry. These insights help the business decision-makers to formulate better business plans and make informed decisions to improved…
Digital Map Market Revenue, Facts, Statastics By DigitalGlobe, Digital Map Produ …
Digital Map Market research report is a resource that makes available current as well as upcoming technical and financial details of the industry. The report not only takes into consideration all the market drivers and restraints which are derived from SWOT analysis but also gives all the CAGR projections for the historic year 2018, base year 2019 and forecast period. This industry analysis report speaks in detail about the manufacturing process,…
Digital Map Market 2019 Precise Outlook –Magellan, Yahoo, Automotive Navigatio …
The Digital Map Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Get Sample Copy of this…
Digital Map Market : A Well-Defined Technological Growth Map With An Impact Anal …
GLOBAL DIGITAL MAP MARKET SIZE, STATUS AND FORECAST 2020-2026
The report provides a unique tool for evaluating the Digital Map Market, highlighting opportunities, and supporting strategic and tactical decision-making. This report recognizes that in this rapidly-evolving and competitive environment, up-to-date marketing information is essential to monitor performance and make critical decisions for growth and profitability. It provides information on trends to identify emerging technologies and developments, and focuses on markets capacities…
Digital Map Market Outlook to 2027 - ESRI, TOMTOM, Google, Mapbox, Digital Map P …
An off-the-shelf report on Digital Map Market which has been compiled after an in-depth analysis of the market trends prevailing across five geographies (North America, Europe, Asia-Pacific, Middle-East and Africa, and South America). Various segments of the market such as type/components/ application/industry verticals/ end-users are analyzed with robust research methodology which includes three step process starting with extensive secondary research to gather data from company profiles, global/regional associations, trade journals,…
